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Weekly DeFi Update (Week 9, 28/02/2022 – 06/03/2022)

YFI and FTM tumble following founder’s surprise quit. Convex Finance’s token price drops with bug discovered in contracts. Osmosis launches superfluid staking.

Mar 07, 2022
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Key Takeaways 

Highlights

Check the latest prices on Crypto.com/Price

Top Token Metrics

MetricsTop 20 DeFi tokens market capTop 100 DeFi tokens market capDeFi dominance* vs. all crypto
Current$83.03B$104.24B6.07%
7-Day Change+1.90%+1.02%+0.01 p.p.
14-Day Change+10.96%+5.89%+0.40 p.p.
MetricsCurrent
Top 20 DeFi tokens market cap$83.03B
Top 100 DeFi tokens market cap$104.24B
DeFi dominance* vs. all crypto6.07%
Metrics7-Day Change
Top 20 DeFi tokens market cap+1.90%
Top 100 DeFi tokens market cap+1.02%
DeFi dominance* vs. all crypto+0.01 p.p.
Metrics14-Day Change
Top 20 DeFi tokens market cap+10.96%
Top 100 DeFi tokens market cap+5.89%
DeFi dominance* vs. all crypto+0.40 p.p.
*DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Source: CoinGecko

DeFi Index Tokens

MetricsPriceVolumeVolatility
Top GainersUMA (+80.24%)UMA (+1826.15%)
REN (+70.30%)
YFI (+19.02%)
UMA (+882.11%)
Top LosersAAVE (-15.43%) 
UNI (-12.56%)
COMP (-9.76%)
NXM (-63.22%)
LRC (-19.72%)
LINK (-19.00%)
UNI (-60.21%)
AAVE (-60.12%)
LINK (-57.45%)
MetricsTop Gainers
PriceUMA (+80.24%)
VolumeUMA (+1826.15%)
REN (+70.30%)
YFI (+19.02%)
VolatilityUMA (+882.11%)
MetricsTop Losers
PriceAAVE (-15.43%) 
UNI (-12.56%)
COMP (-9.76%)
VolumeNXM (-63.22%)
LRC (-19.72%)
LINK (-19.00%)
VolatilityUNI (-60.21%)
AAVE (-60.12%)
LINK (-57.45%)
*DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV

Notable Events

The increase in UMA Protocol (UMA) last week was likely driven by the announcement of partnership with DappBack to create a Web3 task page and the reportedly surged adoption of its Across protocol.

DEX Metrics

MetricsMarket Cap (Native Coin)7-Day Change*TVL7-Day Change*Native Coin Mcap / TVL7-Day Avg. Daily Volume7-Day Change*Avg. Daily Volume / TVL
Uniswap
Ethereum
$3.82B-8.22%$7.53B-1.11%0.51x$2.02B-15.21%0.53x
Sushi
Multi-chain
$554.78M-0.96%$3.99B-17.35%0.14x$200.10M-12.53%0.36x
Curve Finance
Ethereum
$801.69M2.57%$17.74B1.08%0.05x$223.52M-10.24%0.28x
Pancake
BSC
$1.66B-0.12%$4.17B-2.49%0.39x$362.54M-25.44%0.22x
Spookyswap
Fantom
$128.86M-9.65%$827.21M-15.16%0.15x$327.06M-14.02%2.54x
Raydium
Solana
$218.23M7.16%$584.14M-5.43%0.37x$58.08M-25.39%0.27x
Trader Joe
Avalanche
$185.45M5.35%$1.43B-1.65%0.13x$224.13M5.78%1.21x
VVS Finance
Cronos
$254.26M10.98%$1.24B-1.05%0.20x$3.43M-7.76%0.01x
MetricsUniswap
Ethereum
Market Cap (Native Coin)$3.82B
7-Day Change*-8.22%
TVL$7.53B
7-Day Change*-1.11%
Native Coin Mcap / TVL0.51x
7-Day Avg. Daily Volume$2.02B
7-Day Change*-15.21%
Avg. Daily Volume / TVL0.53x
MetricsSushi
Multi-chain
Market Cap (Native Coin)$554.78M
7-Day Change*-0.96%
TVL$3.99B
7-Day Change*-17.35%
Native Coin Mcap / TVL0.14x
7-Day Avg. Daily Volume$200.10M
7-Day Change*-12.53%
Avg. Daily Volume / TVL0.36x
MetricsCurve Finance
Ethereum
Market Cap (Native Coin)$801.69M
7-Day Change*2.57%
TVL$17.74B
7-Day Change*1.08%
Native Coin Mcap / TVL0.05x
7-Day Avg. Daily Volume$223.52M
7-Day Change*-10.24%
Avg. Daily Volume / TVL0.28x
MetricsPancake
BSC
Market Cap (Native Coin)$1.66B
7-Day Change*-0.12%
TVL$4.17B
7-Day Change*-2.49%
Native Coin Mcap / TVL0.39x
7-Day Avg. Daily Volume$362.54M
7-Day Change*-25.44%
Avg. Daily Volume / TVL0.22x
MetricsSpookyswap
Fantom
Market Cap (Native Coin)$128.86M
7-Day Change*-9.65%
TVL$827.21M
7-Day Change*-15.16%
Native Coin Mcap / TVL0.15x
7-Day Avg. Daily Volume$327.06M
7-Day Change*-14.02%
Avg. Daily Volume / TVL2.54x
MetricsRaydium
Solana
Market Cap (Native Coin)$218.23M
7-Day Change*7.16%
TVL$584.14M
7-Day Change*-5.43%
Native Coin Mcap / TVL0.37x
7-Day Avg. Daily Volume$58.08M
7-Day Change*-25.39%
Avg. Daily Volume / TVL0.27x
MetricsTrader Joe
Avalanche
Market Cap (Native Coin)$185.45M
7-Day Change*5.35%
TVL$1.43B
7-Day Change*-1.65%
Native Coin Mcap / TVL0.13x
7-Day Avg. Daily Volume$224.13M
7-Day Change*5.78%
Avg. Daily Volume / TVL1.21x
MetricsVVS Finance
Cronos
Market Cap (Native Coin)$254.26M
7-Day Change*10.98%
TVL$1.24B
7-Day Change*-1.05%
Native Coin Mcap / TVL0.20x
7-Day Avg. Daily Volume$3.43M
7-Day Change*-7.76%
Avg. Daily Volume / TVL0.01x
* % change is based on the difference between two consecutive weekly periods
Source: CoinGecko, DeFi Llama, Nomics

Notable Events

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